Guy de Blonay Appointed Manager of the Jupiter Hyde Park Hedge Fund Limited

Hamilton, Bermuda – 05 May, 2010 – Jupiter is delighted to announce that Guy de Blonay will be appointed lead manager of the Jupiter Hyde Park Hedge Fund (the “Fund”; Ticker: JUPHYPK.BH) with effect from 1 June, 2010. Guy will take on the management of the Fund from Philip Gibbs, who will become deputy fund manager.

The Jupiter Hyde Park Hedge Fund has been managed by Philip since its inception in March 2000 and has produced excellent results for investors during this time. Since launch, the Fund has returned 384.4% in Dollar terms and has never produced a negative annual return in its 10 year history*.

Philip’s success in managing both long only and long/short strategies has resulted in very healthy inflows across a number of his mandates. In particular, Philip has raised substantial assets for the newly-launched Jupiter Absolute Return Fund, a UK domiciled UCITS III unit trust. In anticipation of the additional funds this launch would bring in, Philip was able to attract Guy de Blonay, one of the most respected financials fund managers in the UK, to his team.

Guy, who has 13 years’ investment experience, joined Jupiter from Henderson New Star where he was responsible for a number of long only products and a long/short hedge fund investing in the financials sector. One of his key products was the long only New Star Global Financials Fund, which produced substantial outperformance of its benchmark in the nine years he managed it. Before joining New Star, subsequently Henderson New Star, Guy worked at Jupiter for six years.

The appointment of Guy as lead manager will have no impact on the Fund’s investment strategy or objective, which is to generate capital gains whether short, medium or long term through an international portfolio of investments. Both Guy and Philip will hold substantial personal investments in the Fund.

Philip Gibbs, fund manager at Jupiter said: “Guy has established a strong reputation as one of the best financial fund managers in the industry and I am delighted he will be taking on the management of Hyde Park. Guy’s appointment adds further strength and resource to our offering at an important time, as the launch of the Jupiter Absolute Return Fund, in particular, has led to a period of healthy inflows, and assets under our management have grown substantially.”

Guy de Blonay, fund manager at Jupiter, said: “The Jupiter Hyde Park Hedge Fund remains one of Jupiter’s key offshore hedge fund offerings and I am looking forward to taking on management of the Fund and delivering consistent outperformance for investors.”

For further information please contact:

Jupiter

Alicia Wyllie

Head of Communications & Director

Direct: +44 (0)207 314 5573

Mobile: +44 (0)7798 681861

Email: awyllie@jupiter-group.co.uk

Despina Constantinides

Head of UK Retail PR

Direct: +44 (0)207 314 4981

Mobile: +44 (0)7801 337677

E-mail: dconstantinides@jupiter-group.co.uk

Edward Robinson

Communications Executive

Direct: +44 (0)207 314 4924

Email: erobinson@jupiter-group.co.uk                      

Broadgate Mainland PR

Zoe Butt

Direct: +44 (0)20 7776 0528

JUPITER HYDE PARK HEDGE FUND FACTS

Launched in March 2000

Long/short equity fund seeking to achieve absolute returns across market cycles in sectors where the manager has deep experience

US$, € and £ share classes

Minimum Investment: US$100,000, €100,000, £100,000

Fees: 1.5% management fee; 20% performance fee

Jupiter Asset Management (Bermuda) Limited (JAMB) and Jupiter Asset Management Limited (JAM) are subsidiaries of Jupiter Investment Management Group Limited and the group is collectively known as "Jupiter”.

The Fund is an unrecognised collective investment scheme for the purposes of the Financial Services and Markets Act (2000) of the United Kingdom. The promotion of the Fund and the distribution of the Prospectus in the United Kingdom is accordingly restricted by law. Jupiter Asset Management (Bermuda) Limited is the Investment Manager of the Jupiter Hyde Park Hedge Fund Limited and Jupiter Asset Management Limited has been appointed the Investment Adviser.

Full details of the fund and the restrictions which apply are listed in the Prospectus which is available upon request.